AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District Supervisor

September 14, 2006

Staff Lead:

Department: 

Anthony I.  Hooper,  Deputy County Administrator

County Administration

Topic: 

A Resolution to Approve a Memorandum of Understanding to Provide Financial and Personnel Services to Support the Vint Hill Economic Development Authority (VHEDA)

 

Topic Description:

Since 1997, Fauquier County has had an agreement with the Vint Hill Economic Development Authority (VHEDA) to provide personnel and financial services to support the VHEDA. When the Army announced that Vint Hill Farms would be closed as part of the Defense Base Closure and Realignment (BRAC) process in 1993, the Supervisors were concerned about the impact on Fauquier County.  At the time, Vint Hill Farms was one of the largest employers in the County accounting for 2,656 jobs or 14% of all jobs within the County.  During this time period, the County took many proactive steps to assist with the creation and functioning of the VHEDA such as providing the local 25% matching funds for Federal “planning grants”. The Board of Supervisors was supportive of the creation of the VHEDA and saw it as an opportunity for economic development in the County.  The County also provided assistance to VHEDA in the form of payroll and human resource services.  The general understanding was that when the VHEDA was in a stronger financial position that a revised agreement would be established but until such time the County would provide these services as a means of promoting economic development. 

In the past two years the resources available to the VHEDA have increased. It is believed that it is now appropriate for the County to receive compensation for the payroll and human resource services provided.  Discussions regarding a new agreement were initiated last fiscal year.   

 The proposed Agreement reflects the support presently provided and makes provisions for the VHEDA to advance funds to cover payroll liabilities so that the County will no longer be in the position of advancing payroll funds for the VHEDA’s program. In addition the County will receive $12,500 annually for the Human Resources and Financial services support provided.

 

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

 

Financial Impacts Analysis:

Payment for services provided per agreement.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Vint Hill Economic Development Authority

Finance

Human Resources 

 

Attachments:

Memorandum of Understanding

 

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